4. New US Federal Reserve chairman Jerome Powell is expected to raise interest rates in his first announcement since taking the post. Powell will hold a press conference alongside the announcement, due at 6.00 p.m. GMT (2.00 p.m. ET), and the Fed will publish a statement on its outlook on the US economy.

5. UK earnings and unemployment numbers are coming. The ONS will publish data for January at 9.30 a.m. GMT (5.30 a.m. ET). Average earnings growth is forecast to accelerate slightly to 2.6% and the unemployment rate is expected to remain unchanged at 4.4%.